Financial Reporting involves the disclosure of financial information to the various stakeholders about the financial performance and financial position of the organization over a specified period of time. These stakeholders include – investors, creditors, public, debt providers, governments & government agencies. In case of listed companies the frequency of financial reporting is quarterly & annually.
Financial Reporting is usually considered as end product of Accounting. The typical components of financial reporting are:
Objectives of Financial Reporting
According to International Accounting Standard Board (IASB), the objective of financial reporting is “to provide information about the financial position, performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions.”
The following points sum up the objectives purposes of financial reporting:
What we do
We have professional staff having professional qualification (CA, ACCA, MBA, and CPA) who are well known about International Financial Reporting Standards (IFRs) and International Accounting Standards and other rules and regulations relating to the presentation of financial reporting and we can support the businesses to prepare and present the following reporting.